Norwegian Cruise Line Holdings Ltd. Appoints Zillah Byng-Thorne to Board of Directors

Rhea-AI Summary

Norwegian Cruise Line Holdings (NYSE: NCLH) has appointed Zillah Byng-Thorne as an independent director, effective November 1, 2022. This expansion increases the Board to eight members, with six being independent and 50% gender diversity. Byng-Thorne, currently CEO of Future plc, brings extensive experience in strategy, operations, and technology. She has previously held roles at Flutter Entertainment plc and Trader Media Group. This strategic appointment aims to enhance the Board's talent and perspectives during a crucial period for the Company.

Positive

• Appointment of Zillah Byng-Thorne adds valuable expertise in strategy and technology.
• Increased Board diversity with 50% of director seats held by women or underrepresented minorities.
• Byng-Thorne's experience in operational excellence may strengthen strategic direction.

Negative

• None.

MIAMI, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) (together with NCL Corporation Ltd., "Norwegian Cruise Line Holdings," "Norwegian" or the "Company") today announced the appointment of Zillah Byng-Thorne to its Board of Directors (the "Board") as a new independent director, effective November 1, 2022. With Ms. Byng-Thorne’s appointment, the Board has expanded from seven to eight members, six of whom are independent, and 50% of director seats are held by women and/or under-represented minorities. Ms. Byng-Thorne will serve as a member of the Company’s Audit Committee and Compensation Committee.

“It is my pleasure to welcome Zillah to our Board of Directors at this important time for the Company,” said Russell W. Galbut, chairman of the Board. “Zillah is a highly respected and accomplished executive with a strong track record of developing and delivering successful strategies and I am confident that she will bring a unique perspective to the Board.”

“Zillah’s significant strategy, operations, technology, marketing, and people management expertise will further strengthen the breadth of talent and experience on our Board,” said Frank J. Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings.

Ms. Byng-Thorne brings extensive technology sector experience, spanning online gaming, digital media and e-commerce to the Board. She is currently the Chief Executive of Future plc, a global platform for specialist media, a position she assumed in 2014. She has a focus on driving operational excellence and is a proven people manager, identifying and developing talent at the senior level.

She is currently a Non-Executive Director of Flutter Entertainment plc and, from 1 October 2022, TrustPilot Group plc. As previously announced by Flutter Entertainment, Ms. Byng-Thorne plans to step down from her role as a Non-Executive Director of Flutter Entertainment on January 31, 2023. She was Chief Financial Officer of Trader Media Group (owner of Auto Trader) from 2009 to 2012, and Interim Chief Executive Officer from 2012 to 2013. Previously, Ms. Byng-Thorne was Commercial Director and Chief Financial Officer at Fitness First Limited and Chief Financial Officer of the Thresher Group. She is also a former Non-Executive Director of THG Holdings plc. Ms. Byng-Thorne is a chartered management accountant (CIMA) and qualified treasurer (ACT). She has an MA in Management from Glasgow University and an MSc in Behavioural Change from Henley Business School.

About Norwegian Cruise Line Holdings Ltd.

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) is a leading global cruise company which operates the Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises brands. With a combined fleet of 29 ships with over 60,000 berths, these brands offer itineraries to approximately 500 destinations worldwide. The Company has eight additional ships scheduled for delivery through 2027, comprising approximately 20,000 berths.

Investor Relations & Media Contact

Jessica John
(305) 468-2339
InvestorRelations@nclcorp.com

FAQ

Who is Zillah Byng-Thorne and what role will she serve in NCLH?

Zillah Byng-Thorne is the newly appointed independent director for Norwegian Cruise Line Holdings, effective November 1, 2022. She will also serve on the Audit Committee and Compensation Committee.

What experience does Zillah Byng-Thorne bring to NCLH?

Zillah Byng-Thorne has extensive experience in technology, operations, and strategy, previously serving as CEO of Future plc and holding roles in companies like Flutter Entertainment and Trader Media Group.

What is the significance of Board diversity for NCLH?

The Board now has 50% of its seats held by women or underrepresented minorities, which enhances diverse perspectives and decision-making within the Company.

How does Zillah Byng-Thorne's appointment impact NCLH’s future?

Byng-Thorne's appointment is expected to strengthen the Board's strategic capabilities, particularly in operations and technology, which may positively influence NCLH's future direction.